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Citigroup settles auction-rate probes, pays fine (Reuters)

A Citibank branch is pictured in Singapore January 22, 2008. (Alywin Chew/Reuters)Reuters - Citigroup Inc agreed to buy back
more than $7 billion of illiquid auction-rate securities and
pay a $100 million civil fine to settle charges it marketed the
debt fraudulently.

Original post by Reuters

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